Capita Mortgage

From the Staff of Capita Mortgage We Are Wishing Everyone A Very Merry Christmas!

Capita Mortgage wishes everyone a safe and wonderful Memorial Day weekend. This weekend please take a moment to remember all our fallen brothers and sisters who have given the ultimate sacrifice for our freedom. Never forget!

Purchase A Home With One Percent Down!

Refinance Before Rates Go Up!

Capita Mortgage Q&A with Broker Beth Svenson! https://youtu.be/yceuu8Bz-BM

On Friday June’s new home sales data regressed lower. After the past couple months of positive readings it would of been statically difficult to have another strong reading. The overall housing sector is healthy. We see positive compensating factors such as strong job growth, low mortgage rates, pent-up demand for new homes, economic recovery, and low levels of new construction holding up the sector.

Existing home sales rose to the highest level in 8 1/2 years. This is the highest level since 2007. Regardless of the slight rise in mortgage rates in May the momentum has not slowed. In addition, mortgage applications are still up on the year as well. Our only concern is that home prices are a bit lofty but the sector has not yet shown signs of slowing.

Understanding Fixed Rate Mortgage Loans! http://www.capitamtg.com/understanding-fixed-rate-loans.html

Happy Independence Day & lets celebrate freedom. Have a safe and wonderful weekend from CMC Management.

New home sales hit a seven year high in May despite the jump in interest rates. This is a great sign that the momentum is here to stay. This is a result of a strengthening employment market and the governments push for easing 1st time home buyer lending guidelines. This is done through Fannie Mae and Freddie Mac. The 3% down program seems to be gaining some traction with buyers.